Illinois Legislator Wants To Register Buyers Of Gold And Silver Coins

Why would a politician want a list of people who own precious metals? Two reasons come to mind – and both could be true. First, people who stock up on gold or silver are assumed to be preparing for tough times. They’re ‘Preppers’. Preppers typically are also stocking up on food, guns, and ammunition. They may have these things in their homes before registration of them goes into effect.

Second, so the gold and silver can be confiscated.

Here is a link to SB3341 filed with the Illinois General Assembly. The synopsis says this:

New Act

Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. Provides that a person who is in the business of purchasing precious metal shall not pay for the precious metal in cash and shall record the method of payment. Requires the purchaser to keep a record of the sale for one year or, if the purchase amount is over $500, for 5 years. Provides that a person who violates the Act is guilty of a petty offense and subject to a fine not exceeding $500. Provides that the Attorney General may inspect records, investigate an alleged violation, and take action to collect civil penalties.”

Bookmark the permalink.

13 Responses to Illinois Legislator Wants To Register Buyers Of Gold And Silver Coins

  1. R.D. Walker says:

    Maybe the Governor of Iowa should shut down Mississippi River bridges from Dubuque south to keep that nasty contagion from spreading west.

  2. Bman says:

    Ha! I was just mentioning this posibility in another post yesterday.

  3. RUDE JUDE says:

    Why don’t we just make sure everyone registers every time they purchase canned goods, etc.? Why stop there though? How about gasoline, tampons, asprin, etc.? The list is endless!!

  4. R.D. Walker says:

    Maybe we could get some kind of mark, I dunno, on our hands or heads, that allow us to buy and sell.

  5. Eddie Willers says:

    I think they should track anyone who shops at Sam’s or Costco, and anyone who uses a checkout line other than the “20 Items or Less” line.
    These people obviously are buying in bulk, and have more money than they should have.

  6. notamobster says:

    Why would a politician want a list of people who own precious metals?

    So they can send them invitations to the numismatic society? This may not be the end of our society, but we’re a whole lot closer to the end than we are the beginning.

    Yeah, I’d register my gold & silver just as soon as I got done registering my guns!

  7. slinger says:

    My silver was taken by that same guy that took my guns …

  8. xenicalman says:

    Slinger;
    Gee’z…that guy really gets around, doesn’t he? He got mine too.
    I fled from that state 12 years ago. I thought it was pretty bad then.
    We shouldn’t be too surprised, the islamoinchief came from there.

  9. xenicalman says:

    Afterthought:
    Just think of how happy crooks (predominately obama voters) will be accessing, through freedom of information, the names and addresses of the buyers and sellers of those precious metal commodities.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current ye@r *